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COMMERCIAL ENGINEERS Plunges 5%; BSE REALTY Index Down 0.2%
Mon, 9 Sep 9:31

COMMERCIAL ENGINEERS Plunges 5%; BSE REALTY Index Down 0.2%Image source: peterschreiber.media/www.istockphoto.com

COMMERCIAL ENGINEERS share price has plunged 5% and is presently trading at Rs 522.3.

Meanwhile, the BSE REALTY index is at 8,054.7 (down 0.2%).

Among the top losers in the BSE REALTY index today are PRESTIGE ESTATES (down 3.2%) and SUNTECK REALTY (down 2.1%).

DLF (up 1.2%) and Godrej Properties (up 0.6%) are among the top gainers today.

Over the last one year, COMMERCIAL ENGINEERS has moved up from Rs 394.7 to Rs 522.3, registering a gain of Rs 127.7 (up 32.3%).

On the other hand, the BSE REALTY index has moved up from 4,612.5 to 8,054.7, registering a gain of 74.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 185.2%), PRESTIGE ESTATES (up 174.2%) and Brigade Enterprises (up 106.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,069.6 (down 0.1%).

The top losers among the BSE Sensex today are Tata Steel (down 1.5%) and Power Grid Corp. (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,755.7 (down 0.4%). ONGC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,069.6, registering a gain of 15,289.3 points (up 23.2%).

COMMERCIAL ENGINEERS Financial Update...

COMMERCIAL ENGINEERS net profit grew 45.4% YoY to Rs 917 million for the quarter ended June 2024, compared to a profit of Rs 631 million a year ago. Net sales rose 16.8% to Rs 8,799 million during the period as against Rs 7,532 million in April-June 2023.

For the year ended March 2024, COMMERCIAL ENGINEERS reported 174.3% increase in net profit to Rs 3,310 million compared to net profit of Rs 1,207 million during FY23. Revenue of the company grew 76.2% to Rs 36,437 million during FY24.

The current Price to earnings ratio of COMMERCIAL ENGINEERS, based on rolling 12 month earnings, stands at 61.2.


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